News
South Central state Oklahoma has hit the “on” switch to attract a new generation of electric automotive companies and plants.
Your Mechanic.com has ranked Oklahoma as the most EV-friendly state to own an electric vehicle. The State has also introduced a number of incentives to attract automotive investment.
The incentives and othe...
Proposed distribution center "Project Murphy" planned on 50-acre area near Tulsa International Airport
Jun 26 2021An undisclosed company is eyeing a distribution center site near Tulsa International Airport, about half a mile from where Amazon plans to build an operations facility.
The infrastructure development process is under way for “Project Murphy,” which is described as a single-tenant, industrial warehouse/distribution facility at 4200 N. Mingo Road, accordin...
Tulsa named 2nd most affordable big city
Jun 24 2021Tulsa was recently named the 2nd most affordable big city in the U.S. by Rocket Homes.
To find the most affordable big cities in the U.S., Rocket Homes reviewed the Council for Community and Economic Research’s data on cost of living. The C2ER’s 2019 Q2 Cost of Living Index analyzes the prices o...
TULSA, Oklahoma - One week after California-based Canoo announced they would be building an electric vehicle manufacturing facility in Oklahoma, others in the EV industry are excited for the future of the industry.
"Canoo is one of the leaders in this transformation that is going on in the vehicle market," said Davi...
'Beginning of a new wave': MidAmerica Industrial Park wants to capitalize on Canoo investment in Pryor
Jun 18 2021PRYOR — The principals responsible for bringing electric vehicle maker Canoo and 2,000 jobs to MidAmerica Industrial Park did manage to enjoy a champagne toast Thursday.
But they aren’t about to get dizzy with complacency.
Instead, they plan to take Canoo’s $400 million investment and cash in on the momentum, MAIP CE...
Today, officials at MidAmerica Industrial Park announced its newest mega-employer, Canoo, Inc. (NASDAQ: GOEV), a company manufacturing innovative electric vehicles (EVs). According to a news release issued by the company today: “Canoo’s 400-acre campus will be in the Tulsa area at MidAmerica Industrial Park, a 9,000-acre industrial complex strategically locate...
OKLAHOMA CITY – During the 2021 regular session for the Oklahoma State Legislature, the Oklahoma Department of Commerce worked with law makers on proposed legislation that would strengthen the state’s economic development efforts and increase opportunities for Oklahoma communities to attract new jobs and investment. The results were a histori...
Scores of the nation’s Black financial heavyweights gathered in Tulsa to discuss how to close the racial equity gap and erase inequalities in accessing money.
Staged at the Cox Business Convention Center and presented by Tulsa-based Bank of Oklahoma, Nationwide and JPMorgan Chase, Economic Empowerment Day was held in conjunction with th...
On April 27, the Oklahoma Department of Commerce (Commerce) opened applications for the Oklahoma Innovation Expansion Program (OIEP). Applications closed on Friday, May 7. During the application period, Commerce received 137 submissions requesting $24.7 million for projects. Of those applications, 108 projects received awards ranging from $25,000 to $150,000 with the tota...
Tulsa May Just Be The Next Big Startup City
Jun 1 2021Mike Bodulow and Megan Villanueva never thought they’d find themselves in Oklahoma, let alone settling down and buying a home there. The two hail from the Bay Area and were living in Washington D.C. for Megan’s job until December 2018 when the two wanted a change of pace.
“We just move...
Tulsa’s Black Wall Street Booms Again
May 28 2021One hundred years ago, a dollar would change hands 30 to 100 times in the Greenwood District of Tulsa, Oklahoma—moving from the till of one thriving business to another. That all came to an end on May 31, 1921, when a white mob descended on the community and killed over 200 o...
City, economic groups plan to pour $4 million into new Greenwood entrepreneurial services
May 27 2021The city of Tulsa, Tulsa Economic Development Corporation (TEDC) and Tulsa Development Authority (TDA) announced plans to provide $4 million to support the Greenwood Entrepreneurship Incubator @ Moton (GEIM) in north Tulsa.
The Tulsa City Council is expected to vote on the budget amendment authorizing the expenditure at its regular meeting Wednesday.
Th...
Life Sciences Fueling Construction Demand
May 19 2021In a time of widespread economic upheaval, the life sciences industry is one of the few whose prospects have changed for the better. Called upon to rapidly develop and distribute an all-important COVID-19 vaccine without sacrificing the research and production of existing drugs, the biotech industry is expanding at breaknec...
Area Development’s staff editor Mark Crawford recently asked Ericsson’s Dan Kerber, vice president of digital services business operations for North America — who helps companies improve their financial and operational metrics through improved resource management processes — about his thoughts on leadership, especially the need for “soft skills” during th...
The Covid-19 pandemic has affected every facet of our economy, increasing a cultural reliance on e-commerce that is here to stay. Retailers have responded by minimizing square footage of brick-and-mortar store fronts, keeping less inventory on site, and focusing more on entertainment and experiential retail to keep shoppers engaged. A...
Move Over LinkedIn: Chipotle, Shopify And Other Employers Are Flocking To TikTok For Young Talent
May 17 2021Chipotle can TikTok with the best of them, by corporate standards anyway. It’s amassed 1.8 million followers—almost as many as rivals McDonald’s (1.1 million) and Taco Bell (861,700) combined—by embracing the kind of snappy, freewheeling content the platform’s young users crave. But between posting videos of teens dancing to song...
For many of us, we’re serial goal-setters. We find it easy to set goals and love to dream big. When it comes to reaching those goals, though, that’s another matter.
The problem isn’t your goal-setting ability. Instead, our inability to reach those goals often comes down to our modus operandi, ou...
When I was young, I always knew I wanted to be an entrepreneur. Most of my school friends wanted to be doctors, lawyers or firefighters. Not me: I was driven from childhood toward entrepreneurship. I sold lollipops from my backpack when I was in grade school; being a serial entrepreneur was ...
8 Strategies For Lowering Your Startup Costs
May 11 2021Starting a business can cost tens of thousands of dollars, even if you’re working with something small and lean. If you’re trying to launch a business that requires heavy equipment, or if you’re looking to expand quickly, you might need millions.
It’s likely that you will face a financial burden upon enterin...
E-commerce behemoth Amazon is enlarging its presence in Tulsa.
Amazon plans to build a 270,000-square-foot operations facility that will create at least 200 full- and part-time jobs, a company spokesman said Wednesday. Located on Mingo Road between 36th Street North and Apache Boulevard, the warehouse distribution and sorting center is expecte...
Israel-based aerospace company announces 300 new jobs with Tulsa facility relocation, expansion
May 6 2021An aerospace company from Israel on Thursday announced a business relocation and expansion to Tulsa that is expected to add more than 300 jobs to the metro area.
TAT Technologies Ltd., parent company of Tulsa-based Limco Airepair, Inc., said it plans to move its original equipment manufacturing (OEM) of thermal component...
The Tulsa metropolitan area has officially joined the 1 million population club, making it eligible to better compete for economic development projects, according to area officials.
Estimates released Tuesday by the U.S. Census Bureau put the July 1, 2020, population in the Tulsa metro area, officially called the metropolitan statistical area...
TULSA, Okla. — If you’ve been to downtown Tulsa recently, it’s hard to miss buildings going up, and cranes dot the skyline despite the coronavirus pandemic.
Fresh, organic, cold-pressed juice comes to downtown Tulsa with Inheritance Juicery. It’s one of 20 restaurants and bars opening downtown amid the pandemic. The ne...
Two years ago, Nick Poels decided he wanted K-12 students in his rural Kansas community of 2,500 to learn to code. Kids in Phillipsburg soon had a brand-new computer lab, and Poels hoped 20 or 30 children might use it.
"Within two weeks of school starting, we had 351 students involved,"...
